Starfield Dynamic RSI Indicator

Another stunning indicator by Starfield Trading that can be used with both technical analysis and active trading, the majority of other oscillator systems follow almost the same logic. They buy when the oscillator moves above a certain threshold and sell when it moves below a certain threshold. The problem with this approach is that it doesn't take the evolution and the volatility of the market or the stock you are trading into account.

Financial Indicator Overview

We highly recommend combining the Bollinger Bands with this indicator – it’s the perfect match. There are two types of tops that you need to know about:

After a trend move, price fails to reach the outer Band as the uptrend becomes weaker and this signal is usually accompanied by an RSI divergence.

During a consolidation, price spikes into the outer Bands which get rejected almost immediately.

"The Dynamic RSI is one of the most popular indicators used by MT4/MT5 traders"

So, Starfield Trading created the cTrader Dynamic RSI indicator, a perfect match between Bollinger Bands and a Moving Average and this provides a solution to the problem by creating a buy and a sell limit that change depending on the standard deviation (volatility) of the relative strength index, RSI, indicator.

The Dynamic RSI indicator is designed to profit from existing trends and predict future trends based on current and past trends. It is a revolutionary indicator primarily based on the well-known RSI indicator. However, the RSI indicator is restricted by the static oversold and overbought levels set by the user, which in essence make it inefficient in this role when applied to a dynamic market such as Forex. Depending on the existing trend, whether its an up, down or sideways trend, we should be using different levels that adapt to the current trend of the market.

This is an indicator that can adapt and set dynamic oversold and overbought levels in order to maximize profitability for the user and by recognizing past trends and evaluating them, the indicator is able to predict approaching trends with great accuracy and set the levels accordingly.

How The Dynamic RSI Works

The indicator is simple to use because it has an interface similar to RSI indicator. However, while RSI indicator levels are static the Dynamic RSI ones are dynamic. The signal line is created by a moving average and the price line is created by multiplying the standard deviation of the RSI over a certain period.

These dynamic lines form boundaries and are used to trigger buy and sell signals. So, instead of buying a stock if its RSI value is lower than 30, the Dynamic RSI indicator will tell us to buy that stock if RSI is greater that signal line and the signal line is greater than price line or when RSI is greater that price line. In opposite, you have a sell signal when RSI is lower that signal line and the signal line is lower that price line or when RSI is lower that price line. The Buy stop signal comes when RSI is lower that signal line and sell stop signal comes when RSI is greater that signal line.

One of the advantages of Dynamic RSI indicator is that you not need to remember all the rules because this is coded in indicator and you can see all signals in the right site of the indicator.

Much more, the Dynamic RSI indicator offers also a visual signal for trend changing. To do this and to eliminate the false signals, these signals are based on time series moving averages, Hull moving averages and Bollinger Bands volatility.

Why Is the Dynamic Zone RSI a Winner?

The movement of the RSI is derived from price and tries to eliminate some of the “noise” of the market and it succeeds to do so. If you pay attention to other stuff (like the angle of the channel created by the bands or support and resistance levels), you can incorporate this indicator into a successful strategy.

To eliminate the most false signals, we recommend using this indicator together with BBands, MACD, CCI and Stochastic indicators. (Note: We will provide a system trading with this indicators, or you can buy every from this indicators separately.)

Configurable Parameters Explained

Your adjustable parameters are shown below with explanations of the less obvious ones.

~ Source Code Not Included ~

We Offer a Fully Working Free Trial

We offer a 7-day free trial of this indicator, you will need to contact us and ask for the trial and we will send it to your email address.

Please do not forget to tell us the name of this product when you contact us.

General Questions? Just Get In Touch

Financial Indicator Overview

We highly recommend combining the Bollinger Bands with this indicator – it’s the perfect match. There are two types of tops that you need to know about:

After a trend move, price fails to reach the outer Band as the uptrend becomes weaker and this signal is usually accompanied by an RSI divergence.

During a consolidation, price spikes into the outer Bands which get rejected almost immediately.

"The Dynamic RSI is one of the most popular indicators used by MT4/MT5 traders"

So, Starfield Trading created the cTrader Dynamic RSI indicator, a perfect match between Bollinger Bands and a Moving Average and this provides a solution to the problem by creating a buy and a sell limit that change depending on the standard deviation (volatility) of the relative strength index, RSI, indicator.

The Dynamic RSI indicator is designed to profit from existing trends and predict future trends based on current and past trends. It is a revolutionary indicator primarily based on the well-known RSI indicator. However, the RSI indicator is restricted by the static oversold and overbought levels set by the user, which in essence make it inefficient in this role when applied to a dynamic market such as Forex. Depending on the existing trend, whether its an up, down or sideways trend, we should be using different levels that adapt to the current trend of the market.

This is an indicator that can adapt and set dynamic oversold and overbought levels in order to maximize profitability for the user and by recognizing past trends and evaluating them, the indicator is able to predict approaching trends with great accuracy and set the levels accordingly.

How The Dynamic RSI Works

The indicator is simple to use because it has an interface similar to RSI indicator. However, while RSI indicator levels are static the Dynamic RSI ones are dynamic. The signal line is created by a moving average and the price line is created by multiplying the standard deviation of the RSI over a certain period.

These dynamic lines form boundaries and are used to trigger buy and sell signals. So, instead of buying a stock if its RSI value is lower than 30, the Dynamic RSI indicator will tell us to buy that stock if RSI is greater that signal line and the signal line is greater than price line or when RSI is greater that price line. In opposite, you have a sell signal when RSI is lower that signal line and the signal line is lower that price line or when RSI is lower that price line. The Buy stop signal comes when RSI is lower that signal line and sell stop signal comes when RSI is greater that signal line.

One of the advantages of Dynamic RSI indicator is that you not need to remember all the rules because this is coded in indicator and you can see all signals in the right site of the indicator.

Much more, the Dynamic RSI indicator offers also a visual signal for trend changing. To do this and to eliminate the false signals, these signals are based on time series moving averages, Hull moving averages and Bollinger Bands volatility.

Why Is the Dynamic Zone RSI a Winner?

The movement of the RSI is derived from price and tries to eliminate some of the “noise” of the market and it succeeds to do so. If you pay attention to other stuff (like the angle of the channel created by the bands or support and resistance levels), you can incorporate this indicator into a successful strategy.

To eliminate the most false signals, we recommend using this indicator together with BBands, MACD, CCI and Stochastic indicators. (Note: We will provide a system trading with this indicators, or you can buy every from this indicators separately.)

Configurable Parameters Explained

Your adjustable parameters are shown below with explanations of the less obvious ones.

~ Source Code Not Included ~

We Offer a Fully Working Free Trial

We offer a 7-day free trial of this indicator, you will need to contact us and ask for the trial and we will send it to your email address.

Please do not forget to tell us the name of this product when you contact us.

This cTrader indicator by Starfield Trading provides a lot of useful information about market volatility, the trend direction, trend continuation, market consolidation and upcoming volatility breakouts. Now you can really see what is happening in the markets for a given symbol and enter or exit your trades with confidence.

This amazing indicator by one of our vendors Starfield Trading uses the Commodity channel index, Welles Wilder Smoothing and HeikenAshi indicators all together to give you a positive indication of the trend direction. This is a perfect tool to help you decide if you should enter or exit a trade.

The Bollinger-Bands indicator was created after 3 years of observations and testing about Bollinger-Bands behaviour and price action. It was created to solve one of the biggest problems of trading which are when the trend is in a range and price is in a consolidating state.

This indicator by Starfield Trading can be used on its own or with a combination of four of the most used Forex indicators: Volume, Commodity Channel Index, Welles Wilder Smoothing, it also shows the trader the HeikenAshi signal status.

This download consists of two indicators, the Fast Stochastic & the MACD Zero-Lag Histogram indicator. The main idea behind Stochastic indicator according to its developer, George Lane, lies in the fact that rising price tends to close near its previous highs, and falling price tends to close near its previous lows.

This cTrader indicator by Starfield Trading is derivated from Dynamic RSI, BollingerBands and trend signal to provide the perfect signals for manual trading or even to incorporate into an automated trading system.

£34.99

New Products

This ultimate trading tool combination includes the best selling Risk & Reward and the Support & Resistance Zone Alert Tool, together you can manually create the perfect trade setups while reducing your exposure to risk. With these tools, you can now win big and lose small.

The new Long & Short pending order and position drawing tool for cTrader is finally here, this highly demanded feature lets you estimate your risk & reward at a glance before you place a long or short trade. It shows the Profit & Loss (PnL) and estimates risk and closing account balance when the price reaches your profit target or stop loss levels. Now with extra features which allow you to calculate your risk for stop and limit pending orders as well as submit and manage the orders using the tool. <b>cTrader V3.3 and above</b>

The Dark Matter Second Based Candlesticks is an indicator that allows you to construct candlesticks for any number of seconds based on cTrader’s t1 timeframe.<b> * Works with cTrader v3.3 and above *</b>

We offer a parameter optimisation service for any of the Neptune trading robots to find the best parameter settings for the robot symbol name, having the best configuration will give you the highest profit and lowest risk. <br/>
<b>** Single Symbol Only **</b>

DISCLAIMER

ClickAlgo strives to conduct business based on the customer's needs in a profitable and sustainable manner and to deliver a product that corresponds to a customer's desired specifications. The customer, however, is also responsible for using the product which ClickAlgo developed on his or her behalf. The customer is also responsible for the testing the product and is the sole decider for how to use the product at his or her own risk. ClickAlgo is not responsible for any possible losses caused by use of the product (including loss of profit, third-party claims, etc.)